Not having a written business succession plan is at the very least an underlying cause of business failure. The reality is that the business landscape is littered with leaders and owners who chose to imperil their legacy and family's security.

To the extent that the movie implies that this relatively small time hustler was Wall Street's biggest, worst, most notorious or even a representative wolf of Wall Street, Leonardo DiCaprio and Martin Scorcese are howling up the wrong tree.

It's amazing how these people can whine in public about how they're being mistreated by people who change the sheets at the luxury hotels they stay in. But if you spend your life surrounded with sycophants who constantly tell you how brilliant you are it's possible to exist inside a bubble inside a bubble inside a bubble.

When you break laws -- hugely significant laws -- over and over again, and those crimes result in harm to millions of people, there should be some justice applied. The fact that the justice has been so inadequate to the crime is a deep and fundamental failure.

Last week JPMorgan Chase's Board approved a 74 percent pay raise for its CEO, Jamie Dimon, for 2013. Sometimes we get numb to numbers like $20 million. To put it in perspective, in 2013, Dimon made $9,615 per hour. In other words, he made more in the first two hours of the first workday of the year than a minimum-wage worker made all year long.

A world in which corporate boards really believe that they owe nothing to the public is not just a world which results in obscene payouts to Jamie Dimon and his buds. It is a hermetically sealed bubble in which boards fundamentally don't understand their relationship to the rest of us.

On Friday, the board of directors of JPMorgan Chase voted to give CEO Jamie Dimon a raise. Not just a cost-of-living increase, but almost a doubling of his compensation. In Dimon's case, this means his compensation jumped from $11.5 million to $20 million.